TOP
Saturday,October 31,2020 01:25 AM

This has no headline

By Vision Reporter

Added 22nd February 2010 03:00 AM

EAST African Breweries will commission a new 50,000-bottles per hour packaging line in Uganda in October, officials announced.

EAST African Breweries will commission a new 50,000-bottles per hour packaging line in Uganda in October, officials announced.

By David Mugabe
and David Ssempijja


EAST African Breweries will commission a new 50,000-bottles per hour packaging line in Uganda in October, officials announced.

Sandor Walusimbi, the Uganda Breweries head of corporate relations, said the new plant would be installed at the Kampala factory.

A similar plant with a capacity of 80,000 bottles per hour has been installed in Kenya.

The announcement by the firm’s group managing director, Seni Adetu, coincided with the release of the group’s 2009/10 half-year performance results.

According to the results, the firm’s net profits shot to sh465b, up from sh450b of the previous financial year. This was a 3% rise.

Pre-tax profit for the half-year ended December 2009, was sh155b.
Adetu said they had performed well “in spite of the tough operating environment in the region with generally slow consumer demand.”

He added that the spirits business had declined in the previous year due to high taxation.

“However, the recent tax reduction on the spirits portfolio in Kenya will see a reversal of this trend,” Adetu said.
Tusker and Guinness grew by 18% and 22% respectively.

The new look Tusker Malt Lager was launched simultaneously in Kenya and Uganda in February 2010.
The EABL group comprises Kenya Breweries, Uganda Breweries, International Distillers Uganda, East African Maltings, Central Glass Industries, EABL and UDV Kenya.

Overall investments totalling sh45 billion have been made in plants in Uganda and Kenya “improve capacity and quality.
Meanwhile EABL directors have also announced an interim dividend of sh65 per share.

Related articles

More From The Author

More From The Author